Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust Takes Position in Take-Two Interactive Software, Inc. $TTWO

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust acquired a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 35,111 shares of the company’s stock, valued at approximately $8,989,000. Take-Two Interactive Software comprises approximately 2.4% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust’s investment portfolio, making the stock its 18th largest position.

Several other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Take-Two Interactive Software by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock valued at $5,598,914,000 after purchasing an additional 166,661 shares during the last quarter. State Street Corp raised its holdings in shares of Take-Two Interactive Software by 4.1% during the third quarter. State Street Corp now owns 11,012,647 shares of the company’s stock valued at $2,845,084,000 after purchasing an additional 429,083 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Take-Two Interactive Software by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock valued at $1,242,204,000 after purchasing an additional 60,893 shares during the last quarter. Ninety One UK Ltd raised its holdings in shares of Take-Two Interactive Software by 2.8% during the fourth quarter. Ninety One UK Ltd now owns 1,926,744 shares of the company’s stock valued at $493,304,000 after purchasing an additional 52,881 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Take-Two Interactive Software by 1.8% during the third quarter. Northern Trust Corp now owns 1,612,323 shares of the company’s stock valued at $416,560,000 after buying an additional 27,862 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on TTWO. Wedbush reaffirmed an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Wells Fargo & Company reduced their target price on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Finally, DA Davidson reaffirmed a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $287.53.

Insider Activity

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 52,054 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $214.40, for a total value of $11,160,377.60. Following the completion of the transaction, the chief executive officer directly owned 178,702 shares in the company, valued at $38,313,708.80. This represents a 22.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel P. Emerson sold 810 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $213.47, for a total transaction of $172,910.70. Following the completion of the transaction, the insider owned 124,191 shares of the company’s stock, valued at approximately $26,511,052.77. The trade was a 0.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 63,026 shares of company stock valued at $13,503,428. Company insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Down 1.0%

Shares of TTWO stock opened at $218.46 on Thursday. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $264.79. The stock has a market cap of $40.45 billion, a P/E ratio of -134.85, a P/E/G ratio of 3.37 and a beta of 0.97. The company has a current ratio of 1.24, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The company has a 50 day simple moving average of $212.74 and a two-hundred day simple moving average of $225.01.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.